TerraCRG conducted a brief survey of Brooklyn real estate owners with retail assets to gain insight into the state of distress of their retail tenants during the shutdown. Click HERE to read their report.

Rep. Ilhan Omar of Minneapolis has introduced the Rent and Mortgage Cancellation Act, a bill to institute a nationwide cancellation of rent and home mortgage payments during the new coronavirus crisis. The bill would provide full payment forgiveness, with no accumulation of debt for renters or homeowners and no negative impact on their credit rating or rental history. More info HERE.

Sign up for a get involved with BIG — they’re a nonprofit that is fighting for insurers to pay owed business losses caused by the coronavirus. Click HERE for more info.

Proposed New York State Senate Bill S8125A relates to suspending rent payments for certain residential tenants and small business commercial tenants and certain mortgage payments for ninety days in response to the outbreak of covid-19. More info HERE.

A coalition of leading business organizations including the NYC BID Association released a letter to elected officials calling for a set of public policy actions to save local businesses. As a member of the NYC BID Association, the North Flatbush BID signed on to these policy actions. Click HERE to read about what is being called for. The BID Association has been active in reviewing and commenting on proposed legislation that has impacts to business operations, and will have updates to share shortly. If any business would like to know more details of the NYC BID Association efforts about pending municipal legislation impacting small business, please contact NFBID.

The Governor or Mayor should use their emergency powers they used to close and limit restaurant operations to NOW cap third party delivery fees. Or, the City Council needs to immediately pass Int. 1908-2020 and Mayor de Blasio must sign it into law. Small businesses cannot wait.” Click HERE to sign the petition.

To assist with rents, creditor payments etc, It is suggested that you reach out and begin a dialogue with your property agents, lenders, utility providers. Email templates for renters to communicate with your landlord about rent HERE. ﻿

Center For An Urban Future, Reports:

In recent weeks, CUF has published several new policy reports shedding light on how the COVID-19 crisis is affecting workers, businesses, and communities across New York City—and laying out ideas for how policymakers should respond: